U.S. stock futures shoot higher, looking to extend Monday’s gains
U.S. stock index futures rose late Monday, following gains on Wall Street after the Federal Reserve took additional action to keep credit flowing to big businesses amid the coronavirus pandemic. As of midnight Eastern, Dow Jones Industrial Average futures
YM00,
were up nearly 500 points, or 1.9%, while S&P 500 futures
ES00,
and Nasdaq-100 futures
NQ00,
rose about 1.4%. Earlier Monday, stocks rallied from early declines after the Fed said it will expand the scope of its $750 billion emergency corporate debt loan facility to include individual corporate bonds. After the market’s worst week since March, the Dow
DJIA,
rose 157.62 points, or 0.6%, to 25,763.16, while the S&P 500
SPX,
gained 25.28 points, or 0.8%, to 3,066.59, and the Nasdaq Composite Index
COMP,
advanced 137.21 points, or 1.4%, closing at 9,726.02.
